The expression "holding over" under the Transfer of Property Act, 1882 is used in the sense of retaining possession. A distinction is made between a tenant continuing in possession after the determination of the lease without the consent of the landlord, and a tenant doing so with the landlord's consent:

A' has let out his property at Delhi to 'B' at a rent of Rs. 3000/- per month on the terms and conditions contained in a registered lease dead. The lease deed provided for arbitration of all disputes between the parties. 'B' fails to vacate the property inspite of expiry of period of lease of two years. 'A' initiates arbitral proceedings under the Arbitration and Conciliation Act, 1996 in accordance with an arbitration clause in the lease deed seeking eviction/ejectment of 'B' from the property

A

The arbitral proceedings are maintainable

B

The arbitration proceedings are not maintainable

C

The arbitral proceedings are maintainable only if 'B' does not object to the same

D

The arbitral proceedings are maintainable with the express consent of 'B'

In which of the following case, the Supreme Court held that "Once the period of lease expires, the relationship of landlord and tenant ceases, and the tenant becomes a trespasser and, therefore, there is no question of service of any notice under Section 106 Transfer of Property Act"?

A

Shanti Devi v. Amal Kumar Banjerjee, AIR 1981 SC 1550

B

P. C. Cheriyan v. Barfi Devi, (1980) 2 SCC 461

C

ldandas v. Anant Ramm Chandra Phadke, AIR 1982 SC 127

D

None of the above

Consider the following statements regarding the distinction between lease and licence:
(1) A lease is a transfer of an interest in land, whereas the licence does not create any interest in land
(2) Both lessee and licence-holders can sue a trespasser in his own name
(3) A lease can be assigned but a licence cannot be assigned
(4) A lease cannot be revoked until the end of the term, but a licence, subject to certain exceptions, can be revoked
Which one of the above statements is/are correct?

A

Only 2

B

1, 3 and 4

C

1 and 4

D

2, 3 and 4

Propositions are
1. Gift made during marz-ul-maut to a heir is valid without the consent of other heirs under Sunnite law
2. Gift made during marz-ul-maut to a heir is valid without the consent of other heirs under Ithna Ashari law
3. Gift made during marz-ul-maut to a heir is valid only with the consent of other heirs, under Sunnite law
4. Gift made during marz-ul-maut to a heir is valid only with the consent of other heirs under the Shia law.
Which amongst the following is correct

A

1 is true 2-3-4 are false

B

1 & 2 are true 3 & 4 are false

C

2 & 3 are true 1 & 4 are false

D

3 & 4 are true 1 & 2 are false

Section 37 of the Transfer of Property Act, 1882 refers to apportionment by estate. In this light, before the Transfer of Property Act, 1882, when a transfer was severed by the sale of shares in the version the tenant was still obliged to pay the rent to all shares jointly:

A

Unless an apportionment had been agreed to by all the parties

B

Any party is agreed by all the parties

C

Any two parties are agreed

D

None of the above

Choose the correct answer
(1) A trustee may also be a beneficiary and can be the sole beneficiary
(2) A trustee may also be a beneficiary, but cannot be the sole beneficiary
(3) A donor may also constitute himself a trustee, and though remaining in possession, may transfer legal possession by declaring his possession as donee's.
(4) A donor may also constitute himself a trustee, and though remaining in possession, cannot transfer legal possession by declaring his possession as donee's.

A

(1), (3)

B

(1), (4)

C

(2), (3)

D

(2), (4)

Under Limitation Act, 1963, the period of limitation for a suit by landlord to recover possession from a tenant after determination of tenancy is

A

Thirty years

B

Twelve years

C

Three years

D

One year

Under section 12 of the Transfer of Property Act, 1882 where the transfer of property is subject to conditions or limitations making interest therein to the benefit of person to lease on his becoming involved or endeavouring to transfer or dispose of property, such condition is:

A

Valid

B

Void

C

Partly void

D

None of the above

Violating an Apartment Lease occurs when a tenant does something prohibited by the legally binding document that he or she has signed with a landlord. Which situation below is the best example of Violating an Apartment Lease?

A

Tim has decided to move to another city, so he calls his landlord to tell him that he is not interested in renewing his lease when it expires next month.

B

Valerie recently lost her job and, for the last three months, has neglected to pay her landlord the monthly rent they agreed upon in writing when she moved into her apartment eight months ago.

C

Mark writes a letter to his landlord that lists numerous complaints about the apartment he has agreed to rent for two years.

D

Leslie thinks that her landlord is neglecting the building in which she rents an apartment. She calls her attorney to ask for advice.

Which of the following statement is/are true?
1. Tax shield on depreciation and interest is an important variable both for the lessor and the lessee.
2. Lease transactions in India are governed by the lease act.
3. A lessee should evaluate the lease options against the buying option.
4. As per AS-19, financial lease is shown in the balance sheet of the lessee as an asset.

A

Both 1 and 4

B

1, 3 and 4

C

2, 3 and 4

D

Only 2

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